Tuesday, March 12, 2013

Upsolar selected by Pristine Sun for 10 MW SmartModule deal

USA: Upsolar, a leading international provider of solar PV modules, has been selected by Pristine Sun to supply a minimum of 10 MW of its SmartModules for solar farms in California. This agreement highlights the swelling interest in truly integrated SmartModules.

"We are pleased to have selected Upsolar modules for at least 10 MW of our California portfolio of small utility projects. The combination of Upsolar's bankability, payment terms and product and performance warranties made the company an unbeatable candidate for our utility-scale portfolio," said Troy Helming, CEO of Pristine Sun.

"In addition to excelling in these areas, Upsolar has some of the strongest financials of any module provider in the industry. Most importantly, as long-term owners and operators of our projects, Upsolar's quality and performance stood out. Our funding partners agree so it's likely we will add to our commitment going forward."

Project construction has begun on Pristine Sun's 50 MW portfolio of utility-scale PV projects in California. The electricity generated by the projects will be sold to the Pacific Gas and Electric Company (PG&E).

"Pristine Sun's pipeline of projects in California is truly impressive, and we're pleased to have the opportunity to work together on these projects," said Reed Richerson, National Key Account manager for Upsolar America. "It is especially gratifying to see our Smart Module product adopted by high-quality organizations like Pristine Sun and their partners."